Friday, 6 August 2010

Analysts have estimated that videogame streaming service OnLive could be worth at least $1.1 billion.

BT and Belgacom both purchased a 2.6% stake in the company for an estimated $30 million each, and with a Delaware filing suggesting OnLive shares are worth $7.50 each, analysts predict the company could be worth a total of $1.1 billion, although it could be as high as $2.2 billion.

OnLive launched in the US in June, and it was claimed that consumer demand exceeded expectation, although no subscriber figures were made available. The service is due to launch in Europe later this year, with BT having exclusive rights in the UK.

No comments:

Navigation

Follow Us

News Archive

Keyword List

Disclaimer

dailygamesnews.com is a none-profit operated website. Our goal as a team of contributors is to provide the community with up to date gaming news from throughout the industry on a daily basis. We do not intend to meaningfully in any way plagiarize content or media and in any circumstance if a copyright owner feels we have abused media/content they own we will remove it immediately.